The Portuguese Securities Commission (CMVM) published an anonymised decision in an administrative infraction proceeding concerning a financial intermediary’s breach of its obligation to collect the information needed to assess the suitability of providing portfolio management services. The decision imposed a EUR 25,000 fine, with execution suspended for a period of two years.
Portuguese Securities Commission (CMVM) 2026-01-29
Portuguese Securities Commission imposes EUR 25,000 fine suspended for two years for portfolio management suitability information breach
The Portuguese Securities Commission (CMVM) issued an anonymised decision in an administrative infraction case against a financial intermediary for failing to collect necessary information for assessing portfolio management service suitability. A EUR 25,000 fine was imposed, with execution suspended for two years.